Another pop in price, and another 2 million share + day. It appears that there was another cross today of 2 million shares, much like the one about a week ago that turned out to be Ospraie. Maybe the ASX will have to send OGC another letter?
Something has to be going on here. I understand that gold companies have performed well lately, but we are looking at double and triples in the matter of a week or so in the absense of any news. I highly doubt that this is in antipication of quarterly production and cost numbers - I believe we will see no surprises either way. Although, I do hope that the cash cost number is lower than expected based on the lower than expected NZD.
Nonetheless, something fishy is going on....and I highly doubt that people are lining up to buy shares after a Merrill report.
OGC Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held